ENTREPRENEURSHIP AND THE GLOBAL ECONOMY
CULTURAL DIFFERENCES AND ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Dilemmas
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Risk
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Uninsurable Risk
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Downfalls
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Detailed explanation-1: -Entrepreneurs face multiple risks such as bankruptcy, financial risk, competitive risks, environmental risks, reputational risks, and political and economic risks. Entrepreneurs must plan wisely in terms of budgeting and show investors that they are considering risks by creating a realistic business plan. More items
Detailed explanation-2: -Risk-taking in entrepreneurship is the process of identifying, evaluating, mitigating, and trying out potential opportunities and strategies that may help you build or grow your business but could also lead to personal or professional loss.
Detailed explanation-3: -High levels of stress. Struggling to find product market fit and finding customers. Overworking and becoming burned out. Lack of cash flow. Finding the right business model. 15-Dec-2022
Detailed explanation-4: -Adopt a learning mindset. The willingness to learn is one of the most crucial skills to acquire in life and entrepreneurship. Learn business strategy. Enhance your vision. Utilize your professional network. Invest in education. Find mentors. Ask for feedback. Read regularly. More items